MIRA
INFORM REPORT
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Report Date : |
26.04.2011 |
IDENTIFICATION DETAILS
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Name : |
WISE ENGINEERES |
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Registered
Office : |
813, 8TH FLOOR, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
01.01.2011 |
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Service Tax No.: |
AABFW2103M ST 001 |
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PAN No.: [Permanent Account No.] |
AABFW2103M |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business
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Manufacturing, Exporting, Trading and Service Provider of auto parts, flange,
breweries plant spares, soft drinks plant spares, dairy plants spares,
automotive parts and components Soft drink, Water, Juices, Breweries and
breweries bottling equipments |
RATING & COMMENTS
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MIRA’s Rating : |
-- |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Maximum Credit Limit : |
USD 2000 |
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Status : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new partnership concern and yet to complete its one full
year of operations. Business is active. Payments are Unknown. The concern can be considered for business dealings on a safe and
secured trade terms and conditions |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Devinder Sehgal |
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Designation : |
Partner |
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Contact No.: |
91-9871979080 (Mr. Devinder Sehgal) |
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Date : |
19.04.2011 |
LOCATIONS
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Registered Office : |
813, 8TH FLOOR, |
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Tel. No.: |
91-11-45792400 |
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Mobile No.: |
91-9871979080 (Mr. Devinder Sehgal) |
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Fax No.: |
91-11-45792400 |
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E-Mail : |
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Website : |
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Area : |
250 Sq. ft |
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Location : |
Rented |
PARTNERS
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Name : |
Mr. Devinder Sehgal |
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Designation : |
Partner |
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Address : |
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Date of Birth/Age : |
36 Years |
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Qualification : |
Graduate |
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Experience : |
14 Years |
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Name : |
Mr. Rajeev Dogra |
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Designation : |
Partner |
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Address : |
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Date of Birth/Age : |
48 Years |
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Qualification : |
ITI |
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Experience : |
25 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturing, Exporting, Trading and Service Provider of auto parts,
flange, breweries plant spares, soft drinks plant spares, dairy plants
spares, automotive parts and components Soft drink, Water, Juices, Breweries and
breweries bottling equipments |
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Products : |
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Terms : |
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Selling : |
Cash and Credit (30 Days) |
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Purchasing : |
Cash and Credit (30 Days) |
GENERAL INFORMATION
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Customers : |
Retailers, end users and Others |
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No. of Employees : |
6 (Approximately) |
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Bankers : |
ING Vysya Baank Limited, Janak Puri, |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
Na |
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Associates/Subsidiaries : |
Sister Concern: Wise Travel India Private Limited, Janak Puri Travel Agent |
CAPITAL STRUCTURE
As on 31.03.2011
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Capital Investment : |
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Owned : |
Rs. 0.500 Millions (Estimated) |
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Borrowed : |
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Total : |
Rs. 0.500
Millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Expected Sales (2011-12) : Rs. 15.000 Millions
New Business
LOCAL AGENCY FURTHER INFORMATION
Trade References:
- Hindustan
Unilever Limited
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.45 |
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1 |
Rs.73.35 |
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Euro |
1 |
Rs.64.78 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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- |
NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.